By SIMON CONSTABLE
The time is ripe for investing in convertible bonds.
You may not have heard of them before, but these hybrid securities can help protect your wealth if interest rates rise or stock prices fall. Convertible bonds are fixed-income securities that can be converted into the stock of the company that issued the bond.
"They can make a lot of sense for investors who want to see some stock market upside but also want to receive a regular interest coupon payment," says Brad McMillan, chief investment officer for Commonwealth Financial Network. Read more here.